The Times Of India | 13th May, 2019 - Page 15
India's microfinance industry - anchored by banks, NBFCs and MFIs - now has a clientele of more than 42 million. The sector hit a hard patch during demonetisation. And in the months following demonetisation, non-performing assets (NPAs) as a percentage of loans hit highs of 14-15%. But the sector has since recovered. Despite loan waivers and election season, the microfinance sector in India now has a default rate of 2.9%. Data has been taken form Equifax, SIDBI report.
